Power Integrations, Inc. (NASDAQ:POWI) Receives Average Rating of "Moderate Buy" from Analysts

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) has earned an average rating of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $86.17.

POWI has been the subject of a number of recent analyst reports. TD Cowen raised their target price on Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a report on Friday, February 9th. Northland Securities raised Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 price target for the company in a research note on Monday, February 26th. StockNews.com raised Power Integrations from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Benchmark lifted their price target on Power Integrations from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus lifted their price target on Power Integrations from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, January 2nd.

Insider Buying and Selling

In related news, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total transaction of $672,309.39. Following the completion of the sale, the chief executive officer now owns 552,161 shares in the company, valued at approximately $37,883,766.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Power Integrations news, VP Yang Chiah Yee sold 996 shares of Power Integrations stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.06, for a total value of $79,739.76. Following the completion of the sale, the vice president now owns 32,625 shares in the company, valued at approximately $2,611,957.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balu Balakrishnan sold 9,799 shares of Power Integrations stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total value of $672,309.39. Following the completion of the sale, the chief executive officer now owns 552,161 shares of the company's stock, valued at approximately $37,883,766.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,411 shares of company stock worth $4,203,262. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in shares of Power Integrations during the 4th quarter worth about $26,000. Belpointe Asset Management LLC grew its holdings in shares of Power Integrations by 59.8% during the 1st quarter. Belpointe Asset Management LLC now owns 342 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 128 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of Power Integrations by 369.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 408 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 321 shares during the period. Mather Group LLC. purchased a new stake in shares of Power Integrations during the 1st quarter worth about $51,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Power Integrations during the 3rd quarter worth about $65,000.

Power Integrations Stock Up 1.7 %

Shares of NASDAQ POWI traded up $1.20 during mid-day trading on Thursday, hitting $70.32. 300,508 shares of the company were exchanged, compared to its average volume of 389,139. Power Integrations has a 1-year low of $66.90 and a 1-year high of $99.60. The stock has a 50 day simple moving average of $72.21 and a 200-day simple moving average of $75.39. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 72.49 and a beta of 1.21.

Power Integrations (NASDAQ:POWI - Get Free Report) last released its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.09. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. The company had revenue of $89.51 million during the quarter, compared to the consensus estimate of $90.21 million. Analysts anticipate that Power Integrations will post 0.65 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 28th. Power Integrations's dividend payout ratio is presently 82.47%.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.